BABA stock heads into the open after a 3.25 percent gain
Published on 09/23/2026 at 08:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
BABA stock closed at USD 119.52 on the NYSE on September 22, 2026, up 3.25 percent from the prior session. The gain exceeded the Nasdaq Composite advance of 0.45 percent, which closed at 27,244.28.
September 22, 2026 in numbers
Alibaba Group Holding Limited (ISIN US01609W1027, NYSE: BABA) traded above its September 21 close of USD 115.75 and reached a session high of USD 120.36 before ending at USD 119.52. The close was USD 0.84 below the high and stood above the 52-week low of USD 94.83, while remaining below the 52-week high of USD 189.34.
As Ad-hoc News reported, Alibaba unveiled its Zhenwu V900 AI chip and outlined plans for more than 20 GW of global cloud capacity. The Nasdaq Composite gained 0.45 percent on the same session, leaving Alibaba 2.80 percentage points ahead of the reference index.
Alibaba event on September 23, 2026
Alibaba's Apsara conference is continuing in Hangzhou on September 23, 2026. Bloomberg reported that Alibaba Cloud plans first cloud regions in Turkey, Finland and the Netherlands over the next 12 months. The event keeps cloud expansion and the newly announced AI infrastructure plans as company-specific developments for the session ahead.
